Envestnet Portfolio Solutions Inc. Has $108.78 Million Stake in Meta Platforms, Inc. $META

Envestnet Portfolio Solutions Inc. raised its position in Meta Platforms, Inc. (NASDAQ:META) by 10.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 164,799 shares of the social networking company’s stock after purchasing an additional 16,001 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Meta Platforms were worth $108,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Payden & Rygel lifted its position in shares of Meta Platforms by 29.0% in the 4th quarter. Payden & Rygel now owns 30,710 shares of the social networking company’s stock worth $20,271,000 after purchasing an additional 6,900 shares during the period. Gambit Capital Management LLC bought a new stake in shares of Meta Platforms in the 4th quarter valued at $766,000. Lutz Financial Services LLC increased its stake in shares of Meta Platforms by 2.2% in the 4th quarter. Lutz Financial Services LLC now owns 838 shares of the social networking company’s stock valued at $553,000 after acquiring an additional 18 shares in the last quarter. Yanni & Associates Investment Advisors LLC bought a new stake in shares of Meta Platforms in the 4th quarter valued at $822,000. Finally, Verde Capital Management increased its stake in shares of Meta Platforms by 6.4% in the 4th quarter. Verde Capital Management now owns 501 shares of the social networking company’s stock valued at $331,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $635.26 on Thursday. The firm has a market capitalization of $1.61 trillion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The firm has a fifty day simple moving average of $617.25 and a two-hundred day simple moving average of $636.82. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.43 EPS. Analysts forecast that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on META. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $710.00 to $730.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Truist Financial lowered their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. KeyCorp reiterated an “overweight” rating and issued a $760.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. Stifel Nicolaus lowered their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Arete Research reiterated a “neutral” rating on shares of Meta Platforms in a research note on Thursday, March 5th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $840.19.

Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, opening a new recurring-revenue stream and giving investors a clearer path beyond ads. Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Meta is also testing paid AI subscription tiers, signaling another monetization lever for its fast-growing AI products. Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
• Positive Sentiment: CEO Mark Zuckerberg said a Meta cloud computing business is “definitely on the table” if the company ends up with excess data-center capacity, hinting at a possible long-term expansion into a large enterprise market. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Positive Sentiment: Reports said Meta’s ad business remains strong, with AI features improving engagement and pricing power, reinforcing the company’s core earnings engine. META Rides on Solid Momentum in Ad Business: A Sign of More Upside?
• Neutral Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, but it does not by itself change fundamentals.
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s appeal in a Vermont social-media addiction case, allowing a legal challenge over teen safety and app design to proceed. US Supreme Court won’t hear Meta’s challenge to Vermont social media addiction lawsuit
• Negative Sentiment: Meta also faces fresh scrutiny from a Santa Clara County lawsuit alleging it profited from scam ads, adding to regulatory and legal overhangs. Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at $6,645,103.65. The trade was a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. This represents a 94.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 95,471 shares of company stock valued at $60,616,955 in the last three months. 13.53% of the stock is currently owned by insiders.

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.